Price trend

According to the bulk list data of business society, the domestic PA66 market continued to fall this week, and there was a certain decline in the spot prices of various brands. As of March 10, the average ex factory price of PA66 adhesive injection molding sample enterprises of business society was about 33250 yuan / ton, with an increase or decrease of – 2.21% compared with the average price at the beginning of the month.

Cause analysis

Industrial chain: in the upstream, adipic acid was affected by the price rebound of raw material pure benzene this week, the cost side support was strengthened, and the trading focus moved up 100-200 yuan / ton compared with the previous week. The manufacturer’s price remains high, the dealer’s offer is tentatively high, adiponitrile has been affected by the news of domestic production lines recently, the level of port arrival is general, and the overall support effect on PA66 spot is limited.

The price of adipic acid, the upstream raw material, has increased, the change of adiponitrile market is limited, and the cost side support of PA66 is general. At present, the operating rate of the industry is at a high level, and the load level of domestic PA66 industry has basically returned to normal. The inventory position in Hong Kong is not high, and the arrival volume of overseas goods is general. In terms of demand, at present, terminal enterprises take goods to follow up, prefer to just need to maintain production, and their resistance to high price sources increases instead of decreasing, and the shipment fluency of merchants is poor. The transaction resistance on the floor has increased, the seller’s mentality has been affected, and the range of offer negotiation this week is still large.

Future forecast

Business analysts believe that the spot price of PA66 continues to fall this week. The improvement of adiponitrile market on the raw material side is limited, adipic acid market has risen, and PA66 cost side support is general. On the supply side, PA66 enterprises have high load and weak support for spot goods. The terminal has a deep resistance to high price goods. Downstream demand continues to be sluggish and the market momentum is insufficient. It is expected that PA66 may maintain a weak market in the short term.